Link to buy CAS for £888M

June 27, 2017

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Consulting Services | London, UK | Corporate Acquisition

Fund administration service provider Link has agreed to acquire Capita Asset Services for £888 million. The deal, to be funded in part through a A$883 million (around £525 million) capital raising, nets Link a business which administers around £600 billion in assets. CAS is being sold by outsourcing company Capita, which will use the funds to pay down debt after issuing a number of profit warnings last year.